Thursday, February 13, 2014

01-30: First Choice, Wendy's, DaVita, KFC/A&W, Tuffy Auto, Children of America



  1. First Choice ER in Mesquite, TX: 6514 SF freestanding emergency room renovated in 2013 on over 1 ac lot in fast growing Dallas suburbs. Close to Town East Mall and I-635. 10-yrs absolute NNN lease with over 9-yrs left. NOI $182K/yr with 10% rent bump in yr 6. $2.703M. 6.75% cap.
  2. Retail Center in Stuart, FL: 9000 SF attractive retail center on 1+ ac lot in high income Port St Lucie metro. All units face Hwy-1/5. 100% leased. NOI $90K/yr. $1.291M. 7% cap.
  3. Wendy’s in Clermont, FL: 3048 SF well maintained Wendy’s in Orlando suburbs. Close to South Lake Hospital and next to Hwy-27. 20 yrs NNN lease with 18 yrs left to a strong franchisee with 40 units. NOI $107K/yr. $1.783M. 6% cap.
  4. DaVita in Edwardsville, IL: 3742 SF Class-B dialysis center completed in 2008 in high income St. Louis suburbs with an AHI of $84K/yr in 3 mile radius. 10 yrs NNN lease till 2024. NOI $63K/yr. $959K/yr. 6.57% cap.
  5. KFC/A&W in Portland, OR: 2311 SF dual branded fast food restaurant on .60 ac lot at a signalized corner location. Close to Easton Plaza, anchored by Theater and Walmart. Near I-205. 100% NNN leased with 10+ yrs left. $110K/yr. $1.841M. 6% cap.
  6. Tuffy in Aurora, IL: 3900 SF 3-bay auto center built in 2007 on .75 ac lot in growing and affluent area with an AHI of $137K/yr in 1 mile. 20-yrs NNN corp lease with 13-yrs left. NOI $106K/yr with 10% rent bumps every 5 yrs. $1.524M. 7% cap.
  7. Children of America in Powell, OH: 10,482 SF attractive day care facility on 3.61 ac lot in prosperous Columbus metro with an AHI of $134K/yr in 3 mile radius. 100% NNN- lease with 14-yrs left. NOI $230K/yr. $2.6M. 8.88% cap.
  8. Office Building in Waldorf, MD: 23,028 SF high quality construction office building completed in 2009 on .66 ac lot in high income Washington DC suburbs. Across from 981,000 SF Saint Charles Towne Center. NNN leased. NOI $384K/yr. $4.8M. 8% cap.
  9. MOB in Kingwood, TX: 42,289 SF Class-A consisting of two medical/professional office buildings in fast growing Houston suburbs. Adjacent to Kingwood Medical Center and close to I-69. 100% NNN leased. 7% cap. NOI/Price N/A.

            (c) Transmercial 2014

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